The earnings-revision rally stalled out in March, after a huge February. Financial stocks experienced a weakening trend in earnings upgrades, pressuring the S&P 500 earnings upgrade picture overall. As shown below by charts from Citi, “In March, forward 12-month earnings estimate revisions dipped to -0.11% on an annualized basis following a gain of 17.89% in February.”
The industry detail:
(Via Citi, Pulse Monitor, Tobias Levkovich, 5 April 2010)
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